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PX and Sabic on board for NOF's headline energy conference at Sage Gateshead

NOF Energy, the UK business development organisation for the oil, gas, offshore renewables and power sectors, is bringing its headline conference Energy: A Balanced Future back to the North East in March later this year.

For the first time, the event will highlight opportunities for companies to diversify into the midstream and downstream energy sectors, when it returns to Sage Gateshead on March 7 and 8.

Teesside-based firms from the downstream sector, PX Group and SABIC UK Petrochemicals, will address delegates highlighting their current and upcoming projects, focusing on short and medium term opportunities for companies with transferable skills and services, which can be applied to their sectors.

Downstream oil & gas involves the refining, distribution and marketing of fuels recovered by the upstream offshore sector. Within the UK there are six operational crude oil refineries, 50 terminals and an extensive pipeline network carrying more than 30 million tonnes of fuel each year.

The sector, which currently employs more than 150,000 people, meets in the region of 85 percent of inland UK fuel demand, and collects about £36bn in fuel duty and VAT each year for the Exchequer.

George Rafferty, Chief Executive of NOF Energy, said: “Sectors including midstream and downstream will form an important part of the discussions at Energy: A Balanced Future and demonstrate to companies in the supply chain that their proven and effective products and services are applicable to this part of the energy industry.

“We are delighted such respected companies as PX Group and SABIC UK are keen to engage with delegates at the conference and the wider NOF Energy network.

“It is part of our commitment to ensuring the supply chain makes a significant contribution to enabling industry to deliver a balanced energy mix for future generations.”

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